Perception is everything in home values

Perception is everything in home values

This is one of those spectacular, sunny mornings that answers the question (usually posed by out-of-towners), “Why would you choose to live in Seattle where it rains so much?”

They don’t understand that one day like this makes up for a whole bunch of the others. And it’s okay with me if we keep it our little secret 😉

Right now (11:45AM) I’m holding an Open House at 7426 44th Ave SW in West Seattle and here is the view I’m forced to endure!

I was just showing the house to Keith, who has been admiring it online. He expressed his surprise that the house hasn’t sold yet (it’s been on the market for 138 days, which is longer than the current average of 63, but still not bad) because he believes it is a good value. It’s not my listing, but I think it’s well-priced, too. Four bedrooms, 2.5 baths, 2,625 sq. ft., beautifully restored 1921 home with a great view. $625,000. MLS# 275850.

Keith commented about how perception of a home’s value can be skewed once it has been on the market for awhile. So true. Often, a long market time means that the home is over-priced, but that’s not always the case. Sometimes it’s just a matter of waiting for the right buyer.

I will be holding this home open again tomorrow (yes, Superbowl Sunday) from 10A-1P. I hope you will come by and tell me what you think of the home and whether or not it is priced right. How do you judge home values?

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